Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) weighed in with interim results and restated its commitment to commercialise its CoalSwitch technology, a green biomass pellet product.
The results were notable not because the group posted a $1 million loss for the six months ended June 30 but because its shares will relist following the publication of the numbers. It ended the period with $400,000 of cash.
An investment of $254,000 (£200,000) by Zen Ventures has allowed management to complete its financial filings and pursue monetisation options for CoalSwitch.